Rising oil prices, inflation to create headwinds for India's economic growth: BNP Paribas

BNP Paribas is warning that rising oil prices and inflation will make it harder for India's economy to grow. This is because higher oil prices can lead to higher production costs, which in turn can cause inflation to rise even more. As a result, the Reserve Bank of India (RBI) may have to increase interest rates to control inflation, which could slow down economic growth.

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Higher crude prices and rising inflation are expected to put pressure on India's economic growth. Weaker rural and industrial indicators are also contributing to the negative outlook.

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